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Caterpillar Inc. Message Board

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  • jdr52683 jdr52683 Aug 1, 2011 10:42 AM Flag

    Market Reaction to Debt Deal not what I expected!

    me too. Given that we have come down 5-600pts, i would have thought a 200pt rally wouldn't have been too hard.

    • We may get a better day today - this lower looking open will probably set us up for a higher close today.

      Buying the lows of the day then flipping has been the only way to trade this market lately...lots of new lows and little upside means finding bottom is tough = just buy CAT at $98-99 then flip it at $100-101 until this starts to improve.

 
CAT
100.52-0.23(-0.23%)Aug 1 4:02 PMEDT

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